Teekay Tankers Ltd. Declares Dividend

Hamilton, Bermuda 4 October 2013

Teekay Tankers Ltd. (NYSE:TNK) today announced that its Board of Directors has declared a fixed cash dividend of $0.03 per share for the quarter ended September 30, 2013. The cash dividend is payable on October 25, 2013 to all shareholders of record on October 16, 2013.

About Teekay Tankers Ltd.
Teekay Tankers currently owns a fleet of 31 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, seven Long Range 2 (LR2) product tankers (including four committed newbuildings), three Medium-Range (MR) product tankers and has one time-chartered in Aframax tanker, which vessels an affiliate of Teekay Corporation (NYSE:TK) manages through a mix of short- or medium-term fixed-rate time-charter contracts and spot tanker market trading. The Company also owns a VLCC through a 50 percent-owned joint venture. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Teekay Tankers' common stock trades on the New York Stock Exchange under the symbol "TNK".

Teekay Tankers Ltd. press release